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Pemex closed 2022 with a 1.764 MBD production

Updated: Apr 12, 2023

The state owned company PEMEX reached an average production of 1.764 million barrels per day in 2022.

That is above the 1.736 average production of 2021, and represents the fourth consecutive year with increases in oil extraction for this company, according to its official reports.

“Since December 2018, (Pemex) has concentrated on directing and focusing its investment resources in areas where it had experience and competitive advantages: exploring on land and in shallow water areas that had a high probability of finding oil and that also have important developed infrastructure”, informed the company in another document.

“The change in strategy was successful. In just a couple of years, PEMEX technicians made important discoveries of oil deposits, including the Quesqui and Tupilco fields”.

The average Mexican Mix price for 2022 was 89.35 dollars per barrel, an increase of 36 percent from the same indicator of 2021, according to Pemex reports

Structure with equipment for drilling
Oil rig

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